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What is REI Chain
Introduction
REI chain is a network protocol that is created to become a Blockchain for use in the world of “Traditional Finance”. The goal of this creation is for everyone to have access to day-to-day spending and the creation of a “Synthetic World” together. Users are able to transfer data or NFT tokens as fast as 1 second, enabling smooth transactions and smaller gas fees.
REI Chain
REI Chain is optimized by implementing GoQuorum. Quorum is an Ethereum-based distributed ledger protocol (Geth) and enhanced within several protocol levels to support business needs from blockchain technology. It has evolved from private blockchain to semi-private blockchain in order to distribute validator nodes instead of having a centralized node. Which all together, Raft consensus allowed REI to have 3 distinct features:
- 1.Fast Transaction - As fast as 1 second
- 2.Tight Security - Only trusted nodes are allowed to participate in the blockchain
- 3.Storage Friendly - No block minting when there is no transaction, allowing storage efficiency in the long run.
Vision
REI Chain is a foundation for the creation of a “synthetic world” that connects a decentralized world into everyday lives with ease
Last modified 28d ago
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